News / Air freight rates almost back to pre-Covid levels as jet fuel price rises too

tac july 6 20

By Alex Lennane

07/07/2020

Air freight rates have sunk to mid-March levels, while jet fuel prices rose 7% last week, putting more doubt on the viability and demand for cargo-only passenger aircraft services.

The TAC index this morning shows air freight rates out of China, to both Europe and the US, sank nearly 10% in the week ending yesterday. But the biggest drops were out of Hong Kong, where prices fell 16% to the US, to $4.29, and 15% to Europe ($3.25).

The charts reveal air ...

Comment on this article

You must be logged in to post a comment.

Topics

air cargo data air cargo market coronavirus FIS TAC Index

Most read news

Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'

Keep our news independent, by supporting The Loadstar

Container spot rates diverge: to Europe still falling, but firmer to the US

Volume surge and an early peak season? 'Don't celebrate too soon,' warning

Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded

Ecommerce likely the front-runner in resurge of transpacific trade after deal

China-US trade tariff pause could drive a rebound for transpacific rates

Airfreight players eye new routes as demand on the transpacific nosedives

Service chaos from trade ban with India a problem for Pakistan shippers

Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high

Serious threat to jobs in US logistics as tariffs cause economic 'stagflation'

Carriers impose 'emergency operation' surcharges on Pakistan cargo

White House u-turns see freighters flying but keep logistics players on their toes

15% rebate for box ships as Suez Canal Authority woos carriers

APMM floats along on 'solid' Q1 profitability in Ocean, well prepared for choppy water

MSC in terminal switch as Nhava Sheva gets strong start to new fiscal year